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HNI HNI CORP Insider Trading

4 filings analyzed · Latest 2024-10-18
Insider buys
0
Insider sells
4
Unique insiders
2
Direction
Net selling
October 2024
2024-10-18
medium
Berger Vincent P Sell
EVP, HNI Corp
23,654 shares
$1,302,283
@ $55.06
Significance 5/10

HNI EVP Berger sells 23.7K shares (22.7% of holdings) at $55.06 avg; stock up 3.1% in 30d, 13.0% in 90d.

Vincent P. Berger, EVP at HNI Corp, executed four separate sales totaling 23,654 shares (23.7K shares) for $1,302,282.82 ($1.3M) on 2024-10-16 and 2024-10-17, reducing his holdings from 104,337 shares to 80,683 shares—a net reduction of 22.7% versus pre-transaction holdings. The sales occurred at a blended average price of $55.06, near the 52-week high of $55.54 (-1.6% from peak). Over the same post-transaction window, HNI stock has posted a 30-day return of +3.1% and a 90-day return of +13.0%. Berger's prior three trades at HNI (all in August 2024) each showed a 30-day return of +3.3%, with 90-day outcomes not yet measurable; across his broader cross-ticker history, his three prior sells averaged a 30-day return of +3.3%, suggesting a pattern where post-sale price movement has not favored early exit timing. The transaction occurs in a company with a P/E of 22.58 and recent quarterly revenue of $623.7M with net income of $36.0M, posting annual revenue growth of +3.1%.

August 2024
2024-08-27
medium
Lorenger Jeffrey D Sell
President & CEO
25,897 shares
$1,377,989
@ $53.21
Significance 4/10

HNI CEO Jeffrey Lorenger sells 25,897 shares for $1,377,989.24 in two transactions at $53.09–$53.42, reducing holdings by 8.0%.

Jeffrey Lorenger, President & CEO of HNI CORP, executed two separate sales totaling 25,897 shares for $1,377,989.24 on August 23 and August 26, 2024, at prices ranging from $53.09 to $53.42 (blended average $53.21). His post-transaction holdings remain substantial at 296,892 shares. At the current price of $53.25, the stock sits -3.1% from its 52-week high and has declined -2.3% over the past 30 days, despite posting a +19.8% gain over 90 days. Across his cross-ticker open-market history, Lorenger's five prior sells averaged a +6.1% 30-day return and +10.8% 90-day return, with a 0.00% well-timed rate at the 90-day mark—meaning his prior sales were followed by stock appreciation rather than decline. At HNI specifically, his one measurable prior sale (November 10, 2023) saw the stock rise +10.8% in the subsequent 90 days, similarly suggesting his past sales were not well-timed on the downside.

2024-08-21
high
Berger Vincent P Sell
President, HHT; EVP, HNI Corp
73,614 shares
$3,777,674
@ $51.32
Significance 6/10

HNI President Berger sold 73,614 shares in 3 transactions for $3,777,673.61 at ~$51.32, reducing stake by 48.3%

Vincent P Berger, President of HHT and EVP of HNI, executed 3 separate sales on 2024-08-19, totaling 73,614 shares for $3,777,673.61 at a blended average price of $51.32. This represents a -48.3% reduction in his post-transaction holdings to 78,839 shares from 152,453 shares. The stock is currently trading at $52.45, only -4.6% from its 52-week high of $54.95, and has gained 5.4% over 30 days and 17.9% over 90 days, reflecting recent upward momentum. At a P/E of 21.67 and market cap of $2.5B, the company demonstrates moderate valuation and has delivered 3.1% annual revenue growth with quarterly net income of $36.0M on $623.7M revenue. The timing of this substantial reduction in Berger's holdings during a period of positive price momentum and solid operational performance merits investor attention to any filed trading plans or transaction disclosures that may explain the disposition.

2024-08-14
medium
Lorenger Jeffrey D Sell
President & CEO
72,102 shares
$3,556,296
@ $49.32
Significance 5/10

HNI CEO Lorenger sold 72,102 shares for $3.6M on 2024-08-12 at $49.32 blended average

Lorenger Jeffrey D, President & CEO of HNI Corp, executed 4 separate sales totaling 72,102 shares for $3,556,296.44 on August 12, 2024, reducing his holdings by 19.5% from 368,994 shares to 296,892 shares. The sales occurred at a blended average price of $49.32 per share, approximately $0.73 below the current price of $50.05 and within the 52-week trading range. His cross-ticker track record shows 1 prior sell with an average 90-day return of +10.8% and a well-timed rate of 0.00%, while his single prior sale at HNI (November 2023) was followed by positive returns at both the 30-day (+6.1%) and 90-day (+10.8%) marks. The company reports a P/E of 20.68 with recent quarterly revenue of $623,700,000.00 and net income of $36,000,000.00. The transaction represents a material disposition of equity by the company's chief executive.

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